CHAPTER CXLI. An act to confirm the title of The American Dredging Company. tain lands to be good WHEREAS, The American Dredging Company, a corporation Preambe. incorporated by the state of Pennsylvania, has acquired and has had conveyed to them, in fee simple, certain lands in the city and county of Camden, which they desire to improve by the erection of workshops, etcetera; and whereas, doubts have arisen as to the power of said corporation to acquire lands in this state; therefore, 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the title of the said, The Ameri- Title to cercan Dredging Company, to said lands in the city and county declared of Camden, be and the same is hereby confirmed and de- and valid. clared to be good and valid both at law and equity, and the said company is hereby authorized to hold and convey the same or any part thereof, in fee simple; provided, that nothing in this act shall authorize the Proviso. construction of piers, docks or wharves, unless the consent of the riparian commissioners be first had and obtained, and that the boundaries, the exterior bulkhead, and their lines and the compensation to be paid or secured to the state, shall be fixed and established by the ri parian commissioners, and if the bulkhead and pier lines or either of them should be hereafter extended by said commissioners, the right and title of the grantees shall extend to such extended bulkhead and pier lines without further compensation, which compensation fixed by the said commissioners shall be paid or secured to the state to the satisfaction of the governor on or before the first day of January, one thousand eight hundred and seventy-five, and in default thereof then this act and all the provisions thereof shall thereupon cease and be of no force or effect. 2. And be it enacted, That this act shall take effect immediately. Approved March 5, 1874. Preamble. Act of 1873 revived. Proviso. CHAPTER CXLIII. Supplement to an act to incorporate the Union Cemetery Company of Plainfield, approved March twenty-eighth, one thousand eight hundred and seventy-three. WHEREAS, through inadvertence the state assessment on the act to which this is a supplement, was not paid within the time required by the act entitled "An act to increase the revenue of the state of New Jersey," by which inad vertence and non-payment of said state assessment the said act became void; and whereas, it is desirable that this act should be revived, therefore, 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the act entitled "An act to incorporate the Union Cemetery Company of Plainfield," approved March twenty-eighth, one thousand eight hundred and seventy-three, be and the same is hereby revived, and shall stand in full force and effect, the same as if the state assessment required to be paid by the act entitled "An act to increase the revenue of the state of New Jersey" had been paid within the time prescribed by law; provided, that the state assessments on the said original act of incorporation and on this supplement, be paid before the first day of July next ensuing the passage of this supple ment. 2. And be it enacted, That this act shall take effect immediately. Approved March 5, 1874. CHAPTER CXLIV. An act to incorporate "The Harper Hand Flouring Mill Names of name. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Charles A. Harper, Lemuel corporators C. Reeves, Joseph Vandegrift, Caleb G. Ridgway, James McConnell and George Silpash, and their associates, shall be and they are hereby declared to be a body corporate and politic, in fact and in law, by the name of "The Harper corporate Hand Flouring Mill Manufacturing Company, of Burlington, New Jersey," for the purpose of manufacturing, selling, vending and dealing in hand-flouring mills under a patent owned by Charles A. Harper, and for the purpose of erecting and constructing houses and other buildings, and for such purposes may purchase, hold and enjoy such real estate, water-privileges, machinery and effects, as they may deem necessary and useful, or may accrue to them in the course of business, and may sell, mortgage, lease or otherwise dispose of the same. 2. And be it enacted, That the capital stock of the said Captial company shall be twenty thousand dollars, and shall be di. stock. vided into shares of fifty dollars each, and the persons named in this act are hereby appointed commissioners to open books, and to receive subscriptions to such capital stock in the city of Burlington, and as soon as one-fourth of the said stock is subscribed, and ten per centum thereof paid in to the said commissioners or a majority of them, shall call the first meeting of the stockholders, for the purpose of organizing said company; and the principal office of said company shall be in Burlington, New Jersey. corporation 3. And be it enacted, That the business of the said cor- Business of poration shall be managed by not less than three, nor more by whom than seven directors, a majority of whom shall be residents managed of this state, and one of whom shall be president, who shall hold their offices for one year, and until others are elected in their stead, and every year thereafter, at such time and place and upon such notice as the by-laws may direct, an election for directors of said company shall be held, at which election every stockholder shall be entitled to one vote, either in person or by proxy, for each and every share of stock he or she may own, and in case any vacancy from any cause may arise in the board of directors, or in any office of said corporation, the directors for the time being, or a majority of them, shall have power to fill such vacancy, provided, that no person shall be president, or a director of said company unless he or she be a stockholder therein. 4. And be it enacted, That the directors of said corporaed to make tion shall have power to make by-laws for its government, by-laws,&c. not inconsistent with the laws of this state or of the United Proviso. Directors empower Stock deemed personal property. Capital be increased. States, and may appoint such officers, agents and servants as the business of the corporation may require, and prescribe their powers and duties, and fix their compensations; and may from time to time call for and demand of the stockholders respectively, all such sums of money as are by them subscribed, at such times and in such proportions as they shall deem proper, under the penalty of the forfeiture of their shares and all previous payments thereon to the said company, if such payment shall not be made within thirty days after the day fixed for that purpose by notice previous. ly served, designating the proportion of such payment per share, and the time and place, when and where, and the of ficer to whom the same shall be required to be paid. 5. And be it enacted, That the stock of said corporation shall be deemed personal estate, and shall be transferred in such manner as the by-laws may prescribe; and dividends may be made from time to time from the earnings of the company only, as the directors may order. 6. And be it enacted, That the said corporation may from stock may time to time increase the said capital stock to any sum not exceeding fifty thousand dollars, by giving two weeks' notice of their intention to do so, in a newspaper printed and published in the county of Burlington. Company how dissolved. Proviso. 7. And be it enacted, That the said company may be dissolved by a general meeting of the stockholders specially called for that purpose; provided, that at least three-fourths in value of the stockholders shall concur therein; and upon such dissolution, the directors for the time being, and the survivor or survivors of them, shall be trustees for the set tling all the affairs of the company, collecting and disposing of its property and assets, paying its debts and dividing the surplus among the stockholders in proportion to their respective interests in the stock. corporatiou 8. And be it enacted, That the corporation hereby created Powers of shall possess the general powers and be subject to the general restrictions and liabilities set forth in an act entitled "An act concerning corporations," approved February fourteenth, one thousand eight hundred and forty-six, so far as the same may be applicable. 9. And be it enacted, That this act may be cited and proven in all courts of this state, and shall take effect immediately. Approved March 5, 1874. CHAPTER CXLV. An act to incorporate the Newfield Hall Association. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Dewitt C. Heminway, John Names of Kandle, William B. Foster, William Ober, Alfred Howes, corporators George N. Copp, Alexander W. Page, Joseph Fair, William H. Howland, Henry A. Pelton, Wallace E. Morgan, and their associates, and all other persons who shall become subscribers and owners of the capital stock hereby created, shall be and they and their successors are hereby made and declared to be a corporation and body politic in fact and in law, by the name of the Newfield Hall Association, and by that name Corporate shall have power to lease, purchase and hold, and sell and powers. convey, any real estate in the village of Newfield, township of Franklin, county of Gloucester and state of New Jersey, and to erect thereon a hall and other improvements for the use of societies, lyceums, public meetings, concerts and exhibitions, subject to the constitution, by-laws and regulations of said corporation. name and 2. And be it enacted, That the said corporation shall have capital power to raise by subscription a capital stock of fifteen hun stock. |